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Picked up 280K at the ask no problem all or none, so they are selling them.
Form 8-K for PLANETLINK COMMUNICATIONS INC
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5-Dec-2007
Completion of Acquisition or Disposition of Assets, Change in Direc
Item 2.01. Completion of Acquisition or Disposition of Assets.
On November 27, 2007, Planetlink Communications, Inc. (the "Registrant") closed a Stock Purchase Agreement with Planettraks Inc., a Nevada corporation, a wholly-owned subsidiary of the Registrant, as the Purchaser, DnC Multimedia, Inc., a Delaware corporation ("DnC"), and Pluginz, LLC, a California limited liability company, the Seller, in exchange for 250,000,000 shares of the Registrant's common stock and 1,250,000 shares of the Registrant's Series A preferred stock.
Pursuant to the agreement, the Seller sold to the Purchaser all of the capital stock that the Seller owned in DnC (the "Shares'), in accordance with the terms and conditions of the agreement. A copy of the agreement was attached to a Current Report filed by the Registrant with the SEC on November 15, 2007. A press release was issued by the Registrant with respect to the closing on November 27, 2007, a copy of which is attached to this Current Report as an exhibit.
Subject to and upon the terms and conditions of the agreement following the closing, counting the 1,700,000,000 shares of the Registrant's common stock already held by the Seller, and the 250,000,000 shares of the Registrant's common stock and 1,250,000 shares of the Registrant's Series A preferred stock being purchased by the Seller, the Seller became the majority stockholder of the Registrant and a change of control of the Registrant has occurred. The Seller now holds 70.14% of the outstanding votes of the Registrant due to the combination of the following: (1) Pluginz, LLC holds a total of 1,950,000,000 shares of the Registrant's common stock, and (2) Pluginz, LLC holds 1,250,000 shares of the Registrant's Series A Preferred stock with 100 times super voting rights. Of the Registrant's common stock, Pluginz, LLC 1,950,000,000 shares or 64.07%. In addition, of the Registrant's Series A Preferred Stock, Pluginz, LLC 1,250,000 or 32.6%.
Upon the closing of the agreement, with the exception of M. Dewey Bain, each member of the Registrant's current board of directors shall resign from such position. Upon the closing, the Registrant appointed Hanseo Park, Chris Piercy, Robert Lott and Robert Lau to the Registrant's board of directors. Chris Piercy shall serve as the Registrant's chairman of the board.
The following table presents information regarding the beneficial ownership of all shares of our common and preferred stock by:
· Each person who owns beneficially more than five percent of the outstanding shares of our common stock;
· Each person who owns beneficially outstanding shares of our preferred stock;
· Each director;
· Each named executive officer; and
· All directors and officers as a group.
Shares of Common Stock Shares of Preferred Stock
Name of Beneficial Owner (1) Beneficially Owned (2) Beneficially Owned (3)
Number Percent Number Percent
Pluginz, LLC 1,950,000,000 64.07 1,250,000 32.6
M. Dewey Bain (4) 17,922,393 0.59 500,000 13.4
Hanseo Park (5)(9) 172,302,938 5.66 -0- -0-
Chris Piercy (6)(9) 151,391,963 4.97 326,083 8.51
Robert Lott (7)(9) 151,391,963 4.97 326,083 8.51
Robert Lau (8)(9) 151,391,963 4.97 326,083 8.51
Total 2,594,401,220 85.23 2,728,249 71.53
All officers and directors as a group
(five persons) 644,401,220 21.16 1,478,249 38.93
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(1) Unless otherwise indicated, the address for each of these stockholders is c/o the Registrant, 11050 Regal Forest Drive, Suwanee, Georgia 30024. Also, unless otherwise indicated, each person named in the table above has the sole voting and investment power with respect to our shares of common stock which he beneficially owns.
(2) Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission. As of the date of this Current Report, there were issued and outstanding 3,043,683,760 shares of our common stock, and 3,834,356 shares of our Series A preferred stock.
(3) Series A preferred stock. All of the Series A preferred stock have voting rights equal to our shares of common stock. However, our shares of Series A preferred stock may be converted into shares of our common stock on the basis of 100 shares of common stock for each share of Series A preferred stock so converted.
(4) Mr. Bain is the chief operating officer and a director of the Registrant.
(5) Mr. Park is a director of the Registrant. He holds a membership interest in Pluginz, LLC
(6) Mr. Piercy is the chairman of the board and a director of the Registrant. He holds a membership interest in Pluginz, LLC
(7) Mr. Lott is the chief executive officer and a director of the Registrant. He holds a membership interest in Pluginz, LLC
(8) Mr. Lau is the chief financial officer and a director of the Registrant. He . . .
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
See Item 2.01
Nite only dumps for one reason, To Cover! If hes selling back shares at 21 there has to be a reason! Just my opinion Val
there BOD is one of the best
Sounds to me like you have a disgruntled employee. Someone doesn't get their way and they decided to make a big stink about it, happens everyday. Some simple tests need to be taken, of the stock they have on hand and reavaluated. They do not need to reinvent the drug, they just have to check its quality. If anything, this is a heads up for this company to take things more seriously.
Has there been any proof that it was of poor quality?
If they check the product and its as the company says is, this will all be over. But to take one employees information and based the future of the company on one report after she was fired is a pretty big leap. Just my humble opinion! PS, if it takes a dive I may just have to buy some shares myself! Val
harr, so you're saying our volumes up a little? Interesting to see how it would match up against the float. Do you think it's the MMs selling shares they don't have?
Me to cheese, my average is in the low threes but I'm pretty sure if it hit 4 I wouldn't sell. In fact I'm pretty sure if it had hit $.10 I wouldn't sell. Playing with one of these with so much potential always seems to be a risk to me, once big money starts to come in it usually doesn't stop, there are a lot of people out there who will let their money sit for a year or two and in a year two I think this stock will be huge. So until we get news that says otherwise I'm in and I'm only 500k short of my target at this point. But the test of time is coming, and in some ways has already started. We are only talking about one half of a penny, and it ruins everyone's day, one penny up and we make everyone day. Until I see otherwise this one is a keeper! Val
AY 180 sites,,, harr,,,,,,thats nothen,,, That's HUGE!!!!! great DD as always, You're the Man, thanks for the info, we in the know,, all know,,, it's GOING TO GO!, And Go Big! Just my opinion
With the board of directors that they have, a buyout is not realistic IMO,, but as always, It Could Happen!
stocksablaze, I think it's pretty clear that when people found out they weren't going to be able to make a lot of money with a big run, in a day or two they lost interest. But I do think there are a lot of people who are going to hold positions in this company for long-term. I also think the long-term isn't going to be that long, and I believe the conference call will clear a lot up. Once the big picture begins to unfold people will wish they had bought more, but that's the way we always feel. This company is the equivalent to an IPO therefore there is much speculation both good and bad and much unknown as it is with all IPOs. But this one looks very good to me. Just my humble opinion as always Val
On Yahoo finance they posted the 8k as coming up this morning. So it wasn't news it was a reposting of the 8K this morning, there is no new PR from the company. You can go to Yahoo finance look for yourself.
8-K looks very good, same one they put out when they did the acquisition. It has the share count of the owners and board of directors other than that not much new, still looks very good. To me anyway,,,
That's why they may have a conference call first, and I think they will discuss in person just how things are going to be laid out. Should be much clearer by then and we should have a lot of the daytraders out by then. I know none of this is fact, all is just speculation at this point.
Whatever you say Bosman,but you have a problem!
I agree, it is the 8K and we have seen it already. I was grateful it came out today. Shouldn't have used the word fluff, didn't mean to offend you. But it's old news!
agree, I think we see this go slowly up, the pr today was just fluff. They've only been just been running for less than a month, and most of that was the acquisition. Lots Of Good Things Coming, in my opinion,,, thanks for the chart.
There's nothing wrong with being a follower, it's how you follow. If you are a soldier it is your job to follow without question. If the 700 men that you say you have, see you as a good follower, they also will follow. If you command 700 which follow you, then you should really get a hold of your ability to be so easily(rattled/anger/intimidated) intimidation is a sign of fear... which makes for a terrible leader, something you may want to consider. I mean no offense but this statement I don't question your ability to lead, just some thoughts.
Its the low float, people think we have a lot shares. But all the shares are owned, I don't believe the company is deluding at all. Therefore we have the float of a daytrading company, with the potential of an investment company, justifying the ratification in nature of the share price. Just my opinion as always
Its the low float, people think we have a lot shares. But all the shares are owned, I don't believe the company is deluding at all. Therefore we have the float of a daytrading company, with the potential of an investment company, justifying the ratification in nature of the share price. Just my opinion as always
A lot of flippers today. Perfect day for it, good volume good price movement and old news. At least we know the leadership owns the company. That's always a good thing.
If you can't see the past you will never see the future and you are left in the hands of things already done, so my advice to you is "only go with what you know". That style seems to work for you, so I would stick with the. There are people with visions, and then those who follow vision(you're a follower). Nothing wrong with that! Glad you're still around, let's see what happens.
Go to the I board, read everything on it, and then check all links. Very good DD to start with, you and many others should do likewise, this is a little stock that will one day be a huge company. $100 million in two years, with people who are able to produce, and have experience to prove it, are rare to come by. Just my opinion
Could happen,, I'v seen it before, no one said they could make money(it didn't sell anything)and they really wernt after money anyway,,,, it was 2 young men in a little town just over the bridge from my house where I went to high school when I was youngre(1971)we moved in 76,,, it was in the Bay Area,, Oh'ya,, Palo Alto,,, seems thees 2 young men started thinking about what would be fun on the new WWW,, and they started gooffin around with,,,,,,, what was it,,,,,,,,,,, hummmmmm? Oh' ya,, GOOGLE and it got laughed right off Wallstreet,,, I belive 1 of those young men still lives in old town P/A in an Apartment and drives a 10yr old car,, what a world,,,,,
WTAF had a big move today AGAIN,, I have heard nothing but the prs
Here are the last 10 trades. I think the big ones are covers of naked shorts the 5k is a flag, the two 1,050,00 are mirrored and the last 2 are actual sales,,, no paint and OK Vol., the others are camo,, just my humble :>) ,,with no news I think we see more tomorrow, We know there are no retail shorts of any size if any! I also think the MMs know they are sitting on a rocket, with a CFO who will call there bluff(share count), they have to push down and sell ASAP, or get snapped with a real big rubberband,,, This BOD knows people with money, and have affiliations with larger co.s (very exciting place to be for the next month or two)kinda like big boy Xbox
15:58:34 Q 0.0025 -0.0005 520,000
15:57:31 Q 0.0025 -0.0005 500,000
15:56:10 Q 0.0021 -0.0009 1,050,000
15:56:10 Q 0.0023 -0.0007 1,050,000
15:56:09 Q 0.0023 -0.0007 454,073
15:56:03 Q 0.0023 -0.0007 450,000
15:53:49 Q 0.0023 -0.0007 135,500
15:52:58 Q 0.0023 -0.0007 80,000
15:52:12 Q 0.0025 -0.0005 5,000
15:52:07 Q 0.0025 -0.0005 50,000
It's an HONOR to all of our Fathers, as are all our ARMED SERVICES
are we still talken stock or are we driken beer? CUZ I don't want to say anything OT,,So I'll go with this,,, tldjr you might want to stick with your Signature:CUZ it COULD HAPPEN,, and we all know Navy guys can out drink Army guys but Army guys can out swim Navy guys,,,, so there you have it
Stocks will come and go, but friends are hard to come by. I'll people mark you and we can watch each others great victories and devastating defeats, as it were(rejoice with those who rejoice and weep with those who weep)+ It's fun,, val:)
Thank you for your note, so you've decided to sell tomorrow? Even if news comes? It would seem to me that this stock and the news it has received would cause it to move rapidly as the new company unveils its new strategic plan.
I would hope that you would stick around to see what happens. But I never judge anyone's trading strategy, I have mine, you have yours, seems everyone has their own. Thank you very much for the note and the explanation. See you next time you're around wish you the best in your ventures.
News came, that's one thing charts can't recognize. People can't recognize it either, until they read it, that could be any day now, or months, but when it comes it will be read and this stock will skyrocket. just my humble opinion as always
No mind games being played here, just sellers, MMs and people hoping to get in at 2 tomorrow. Could happen,,,,,,, but I will be waiting should that be the case. Congrats on getting your 25 Hope you got them all.
NYPD, yes I figured that out, after I posted. But I will not let them flip me on a lousy 300k order. They are letting large orders go through and only using small orders to manipulate. Just my opinion, thank you for responding but I'm leaving my all or none on till they fill.
What's an AON? Pardon my ignorance.
That's why you're here harr, the anchor in a sea of emotion! The beacon in the economical storms that linger, to be the light that would guids us from the rocks of financial turmoil. And your a nice guy!
I see no panic selling, as large numbers are going through, yet they will not fill me for 300k at 25. I think there is a lot of covering going on here. That could mean a lot of things. Maybe news will be coming soon, maybe a lot of other things, but one thing is for sure, this company is real.
I respect any personal decisions of peoples trading styles, as I do yours. But I can't get any of your shares at 25, they won't even let me have 28, so I would say we go up from here. Probably back to 3 or 31. Just my opinion, hope you do well see you next time.
How many did by 25? Looks like a pretty big loss! Good luck
Wasn't he the guy than 7 million shares! Maybe I'm confused, but I thought he said he bought 7 million shares, I didn't see 7 million go through, but I could be wrong! Happens all the time.
The only problem that I see with the lower price, is more people will want to trade it.
We know what we have and that will not change, we have a startup company that is in a very good position to leverage and acquire other companies of like nature, to produce lucrative profits.
Once those profits are realized the lid will be off and no more low prices. The board of directors can choose at any point to release news on> conference call, business plan, new product, new companies, and financial condition. We know with the leadership that's in place, that this company will go to new heights. I want to buy as much as I can at these levels, or lower. Just my humble opinion!
I don't know of anyone who got back in it 2 since pr. If he sold it 25, I don't see us going lower than that in the near future. But if we do I will be buying.